Overview
Loncor controls 5.1M ozs (4.0M ozs after ongoing C$13.5M sale of Makapela is concluded) of high grade resources in various projects with a focus on the 84.68% owned Adumbi – 3.66M ozs of resources in the pit shell with the potential to grow substantially at depth. Estimated exploration target below current resource could take Adumbi resource through new significant ounce targets. The C$13.5M sale of non-core Makapela announced in December 2023 will help fund such development without major immediate equity dilution. Loncor has Africa’s largest gold mine (the Barrick managed Kibali Mine) only 130 miles away.
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Presentation
Our Latest Articles
- Loncor Gold resumes drilling at Adumbi – targeting 5 million ounces
- Loncor Gold starts drilling Adumbi: on the hunt for more high-grade ounces
- Loncor Gold encounters high-grade gold in infill drill program
See all articles of Loncor Gold
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Contact
4120 Yonge Street, Suite 304, P.O. Box 67
Toronto, Ontario, M2P 2B8, Canada
Tel: +1 416 361 2510
Donald Madilo
Chief Financial Officer
Tel: +1 416 366 7300
